低空经济，正在快速起飞

Core Insights - The National Development and Reform Commission (NDRC) is promoting the high-quality development of the low-altitude economy, emphasizing a principle of localized development and prioritizing safety [1][4] - The low-altitude economy is recognized as a significant growth point for China's economy, with a broad development outlook supported by both policy and market forces [4][6] Policy and Market Support - Recent policies have led to the issuance of 110 regulations related to the low-altitude economy by Q2 2025, covering various aspects such as airspace management and infrastructure development [4] - The introduction of special bonds for the low-altitude economy is seen as an innovative financing tool for local governments, addressing the challenges of high initial investment and long return cycles in emerging industries [3][6] Industry Structure - The low-altitude economy encompasses a long industrial chain, covering nearly 20 industries and over 300 application scenarios, divided into upstream, midstream, and downstream sectors [4] - Upstream focuses on infrastructure, including aircraft development and energy solutions; midstream involves aircraft operation and services; downstream caters to consumer needs with applications like aerial tourism and logistics [4] Market Growth and Projections - The low-altitude economy market is projected to reach 1.5 trillion RMB by 2025, with an expected annual growth rate of 15% to 20% over the next decade [6][8] - The number of low-altitude economy-related enterprises in China surpassed 86,500 by May 2025, with a significant increase in new registrations [6][8] Investment Trends - The low-altitude economy has become a hot spot in the primary market, with 52 investment cases in the first half of 2025, reflecting a 48.6% year-on-year increase [7] - New low-altitude economy industry funds established in 2025 exceeded 14, with a total amount exceeding 50 billion RMB [7] Technological Advancements - Significant technological breakthroughs have been achieved in the low-altitude economy, including the development of hydrogen-powered drones and advanced logistics drones [8] - A multi-level talent training system is being established, with 55 universities involved in low-altitude economy talent cultivation by July 2025 [8] Strategic Recommendations - The low-altitude economy is experiencing a comprehensive implementation from macro-level national planning to micro-level local subsidies and infrastructure projects, suggesting a positive outlook for related sectors [9]